Asheboro City Schools Education Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 71,710 | 36,064 | 35,646 | 169.6 | 0% |
| 2020 | 63,107 | 42,536 | 20,571 | 153.7 | 0% |
| 2021 | 94,932 | 35,172 | 59,760 | 235.5 | 0% |
| 2022 | 70,492 | 36,356 | 34,136 | 216.4 | 0% |
| 2023 | 251,574 | 83,628 | 167,946 | 126.1 | 0% |
| 2024 | 94,776 | 53,241 | 41,535 | 222.3 | 0% |
In its most recent public year (2024), this organization brought in $41,535 more than it spent. Its reserves stood at about 222.3 months of spending, up from 169.6 in 2019. Staff pay was 0% of spending. $938,300 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2024. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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